If you were to buy a house locally at the current median price of $479,000 and had 10% deposit, then you would need a mortgage for $431,100. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 3359.00 This means that COOROY, 4563’s growth of 528 people is considerably above the mean for the country as a whole.
With a median housing loan repayment of $1,650 a month, COOROY , 4563 mortgage brokers are seeing mortgage holders paying $537 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COOROY, 4563 should have seen some difference. While the latest census median annual household figure income is now $44,252, it was $34,221 back in 2006, which is a net increase of $10,030 Subtract from that the median mortgage repayment increase of $6,450 and a mortgage broker’s clients could be up to $3,580 better off each year even without factoring in mortgage rate cuts.